What is face value of life insurance?

The face value or face amount of a life insurance policy is the sum of insurance povided by the policy at death of the insured or maturity of the life insurance policy.

So, if you have a term life insurance policy that provides $250,000 of life insurance coverage, if you die during the term of your policy, your beneficiary would receive a death benefit of $250,000.

The Face Value as it is sometimes called is the Death Benefit paid the benificiary.

I prefer the Term Death Benefit because I believe it is more clear.

For a typical level term life insurance policy it usually sold in bands of about $100K.  Such as $100K, $200K, etc.

On the face or the front of the policy it states how much Life Insurance you have purchased - example $ 100,000 or $ 200,000.